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20121212
20121212
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about china electric demand being strong. remember, they make coal machinery, depending upon how much electric demand there is in china, his orders go up. that's why i think people are surprised the stock eel not down big, given his concerns throughout the near term. >> comments, the buybacks continue. >> now, i begin to say, wait a second. one buyback, maybe -- too much coincidence here. you have the news out of joint global. i think people are starting to say this fourth quarter's an inflection point for china. less worried about inflation, more worried about pro-growth. cummins is a uniquely chinese story. so many truck engines go there. let's keep track of this. >> a lot of people say if you've got gdp growing again and inflation as low as it is, that is the sweet spot, that is where you always want to be. >> india came out with global stuff. coal, i know, we're only used to seeing coal phased out in this country. they love coal in china. i don't want to make a judgment on whether that's -- but they are huge coal plant builders there. huge. >> an important one to watch. we'll talk
of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with the y2k situation. we borrowed a lot of growth in 1999 from 2000, and that led us to a recession. we're looking at the same thing now. we're seeing people have accelerated dividends, pre-payments, seeing a lot of companies that single proprietors are paying themselves this year in anticipation of higher rates. >> it's interesting that you point that out. it could be argued at the same time that we're delaying growth until next year because of the number of companies that have delayed hiring or capital expenditures because of the uncertainty about the fiscal cliff. >> yeah. well, uncertainty, unfortunately, is perhaps going to continue with this because the regulations are not going to go away there. ma
at a certain point. connell: are you worried at all about a slowdown in china? charles: europe is up. japan is. they will need natural gas and coal. global demand for this will be huge. this is one that i think people should own long-term. dagen: thank you. charles: by the way, i loved your interview with representative sanchez. dagen: thank you, charles. connell: a quarter past the hour, let's go back to the markets. nicole: we are looking at it now. they are digesting a big acquisition. as i noted, this is a top performer. it is up over 4%. let's take a look at the broader orchid and -- let's take a look at the broader market. the last time we saw this kind of trend it was up seven days. the dow is up. back to you. dagen: at it again. north korea launching a rocket. legitimacy of the regime. we will talk about that coming up. connell: to the stage for similar seeds in different areas of the nation. first, let's take a look at world currency. ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the
tougher sanctions on north korea but without support from china, options could be limited. this is video from overnight of the celebrations in north korea after the successful rocket launch. many countries believe it is north korea's way of testing its long-range ballistic missile technology. of course, the united states is very concerned about north korea's weapons capabilities this year. robert gates said north korea was within five years of being able to strike the continental united states. the white house condemns the missil launch calling it a highly provocative act that could impact stability in the region. alison burns, ktvu channel 2 news. >>> pope benedict really 16 is now part of the -- pope benedict is now part of the twitter nation. he already has more than 1 million followers who will read miss messages in english, arabic, polish and four other languages. >>> 8:16. pavi shankar has died at the age of 92. boy. he was good. he was known as the good father the world music. in fact -- known as the godfather of world music. in fact, the beatles gave him that name. he continued t
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